Highland Capital Management: Rearranging Investments

Highland Capital Management was created out of the GIC subsidiary of Protective Life. James Dondero and Mark Okada founded the joint venture and concentrated on fixed income markets. Several years later, the venture changed into Protective Asset Management Company, and investment advisor. The the time Protective Life owned 60 percent and Okada and Dondero owned 40 percent. By 1997, the company was really starting to take off and so Dondero and Okada purchased Protective Life’s stake and slowly turned the venture into Highland Capital Management.

By 2000, Jim and Mark helped the firm to develop an investment 40 act platform that would act as an alternative, as well as establishing the first commingled bank loan fund.

Before Jim Dondero started his own fund, he got experience in a variety of positions. James worked as a portfolio manager and a corporate bond analyst. He worked for the Morgan Guaranty training program and then American Express. This was all after he had graduated with honors from the University of Virginia with a dual degree in accounting and finance.

The firm’s activities were recently reviewed by Octa Finance. The online newspaper did an analysis of of Highland Capital Management’s 13F for the third quarter of 2015. Octa Finance found quite a few changes that had been made in the fund’s portfolio. One of the increases was the fund’s increased positions. The firm now has 204 million dollars invested in American Airls Group Inc. It has 87 million dollars in Patterson Companies Inc, 5 million dollars in Kinder Morgan Inc Del, 54 million dollars in Corning Inc and 54 million dollars in Salesforce Com Inc.

Highland Capital Management also sold several stocks, including Nexpoint Cr Strategies Fd, Envision Healthcare Hldgs In, Spdr Series Trust, Mckesson Corp and Laboratory Corp Amer Hldgs. These securities made up nearly 8 percent of the fund’s portfolio and the 13F did not give any indication as to why the fund decided to lessen their position in the stocks but it was probably either due to there being a better place for the fund’s capital, the value of the stocks or the momentum.

Follow Jim on Facebook and Twitter to stay up to date on Highland Capital’s holdings.

If you would like to read the entire article, click here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/


One Comments

  • Pillar Hultan

    December 7, 2016

    Several years later the firm added mutual funds to its business. And it was in 2008 and 2011 that the firm expanded and opened offices in Singapore and Seoul. This is realest and I know ninjaessays do know about that as well.

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